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. >> i would argue and i think steve will also argue it is not just technicals but also fundamentals. earnings are slowing. >> this is a key. if you look at multiple compressions this doesn't hold for all stocks. if you show me a company where the top line is slowing. that doesn't hold all the time. for a stock like this it is widely held and most likely going to happen that way. >> that chart is something. if somebody put that chart in front of you and didn't tell you what it was you would not be buying it. you could say that rally is something to be sold. put a chart in front when you don't know what it is. apple has a great name but when you look at the chart it is a different story. >> he is making the comparison to microsoft as well as google. on microsoft the price to earnings decline has been on decline since the tech bubble. microsoft has not seen that resurgence even though the base is very large. on google the share of search has been steady a mid 60% or so. and as this has peaked so has the p.e. sounds familiar. >> and i have said it before. when products become ubiquitous,
. >> i would argue and i think steve will also argue it is not just technicals but also fundamentals. earnings are slowing. >> this is a key. if you look at multiple compressions this doesn't hold for all stocks. if you show me a company where the top line is slowing. that doesn't hold all the time. for a stock like this it is widely held and most likely going to happen that way. >> that chart is something. if somebody put that chart in front of you and didn't tell you what it...
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if we replace foundations of granite and sound and that's where steve's ideas lead to, then our superstucktures will have to collapse. >> david, what i'm hearing from you is three words. tax and spend. >> we're going to have to have a rematch here. we're out of time and we don't want to not pay our bills, so i have to take a break. what a great conversation though. thanks for both of you bringing my viewers some really great ideas. i have been warning you about this fiscal cliff for months now. i call it the economic storm of our own making, but some of you think all the talk is overblown. will a failure by washington really mean catastrophe for the economy? i'm going to debate with richard quest, next. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >>> time now for q and a. three weeks left to do a deal and yet, lawmakers in washington -- promising to cut trillions, but republicans insist it could be done without raising taxes on the rich. president obama in
if we replace foundations of granite and sound and that's where steve's ideas lead to, then our superstucktures will have to collapse. >> david, what i'm hearing from you is three words. tax and spend. >> we're going to have to have a rematch here. we're out of time and we don't want to not pay our bills, so i have to take a break. what a great conversation though. thanks for both of you bringing my viewers some really great ideas. i have been warning you about this fiscal cliff for...
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what happened. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the mke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. david: what a strange day. some are way up, some are way down. shares of verifone systems are getting a boost. nicole with more on that. nicole: some stocks jumping, this is a day that verifone is jumping. take a look at the stock right now, a gain of 7.5%. an upgrade from a neutral setting the emerging competition that everybody is worried about is overdone. his growth story is impacted. when they get lake square for example, they are not worried about them at all. with the story they have a price target of $39, which obviously has upside potential closing around 32.5. david: very goo
what happened. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the mke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. david: what a strange day....
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. >> steve weiss, does the data change? you have a guy who has been bullish, did defending the market every move lower. it's come back and he's defend ed it. >> i departmeidn't see the markg much between now and then. if you're really squoeoverweigh equities, you're playing for one thing, for a resolution, the fiscal cliff that you can live with. we've had china come, the chinese markets are down. our markets are not believing that. europe continues to worsen so there are lots of issues out there, lots of reasons to be negle negative plus corporate earnings. i remain cautious. >> the former chief economist and vice president biden, tony worked in the bush 43 white house, both cnbc contributors. good to see you both today. is the white house going to accept anything but tax rates going up? >> well, they've never completely closed the door on that. >> it's like maybe just a crack, and i mean it's a small crack. >> yeah, and it's a very small crack and it might even be closing. they are very much about the high higher rates. t
. >> steve weiss, does the data change? you have a guy who has been bullish, did defending the market every move lower. it's come back and he's defend ed it. >> i departmeidn't see the markg much between now and then. if you're really squoeoverweigh equities, you're playing for one thing, for a resolution, the fiscal cliff that you can live with. we've had china come, the chinese markets are down. our markets are not believing that. europe continues to worsen so there are lots of...
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steve forbes saying fight, fight. pressure the president. then you have democrats, labor unio unions, the aarp saying we don't need to think about raising the retirement age. every time you have a short term play special interest dig in. until they erase the trust deficit, every time they do it incrementally they make it harder to do the big stuff. >> notwithstanding the problems in this conversation and notwithstanding problems from washington, there is some economic renaissance that's brewing under the surface here. we have an energy boom going on, low energy prices. we have manufacturing output increasing in this country. we have the housing boom with low interest rates to stay for a couple of yearses. is there enough that could happen that could offset what's going on in washington? can we grow our way out of this? >> we can't ignore them. if they blow it, there is nothing we can do. the risks are becoming more balanced where things like the housing recovery, consumer debt coming down are starting to offer the possibility where growth mi
steve forbes saying fight, fight. pressure the president. then you have democrats, labor unio unions, the aarp saying we don't need to think about raising the retirement age. every time you have a short term play special interest dig in. until they erase the trust deficit, every time they do it incrementally they make it harder to do the big stuff. >> notwithstanding the problems in this conversation and notwithstanding problems from washington, there is some economic renaissance that's...
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today as steve will be, what would your first question to him be? >> my questions would be about dividends and capital gains as they're market related. with the dividends we've seen a tremendous amount of companies bring them forward in the name of tax avoidance. in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure out what the effect would be. my second question would be, back in '08 when the president was debating hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up. he accepted that. i want to know if his opinion is modified or is he considering laying off tax and business investment for fear that it will give us less of it. >> two very interesting questions there about what effect a change in taxes does to behavior. i think you can't deny the fact that it does change behav
today as steve will be, what would your first question to him be? >> my questions would be about dividends and capital gains as they're market related. with the dividends we've seen a tremendous amount of companies bring them forward in the name of tax avoidance. in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure...
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joining us now to analyze in new york is attorney steve greeneberg and from l.a. attorney. first the united states supreme court today announced it will take up two gay marriage cases prop 8 out of california and the defense of marriage act case out of new york. the court could hear the cases as early as march. okay. two big issues here. let's start first with -- i think we will start with the gay marriage issue first and then we will go to the pot question. steve, how do you think it's going to play out the doma case prop 8 case how two different cases how do you think doma case. >> doma case involves whether someone who had lived with domestic partner for 45 years should have to pay estate taxes where if they lived as husband and wife she would not have to pay estate taxes and prop 8 involves whether or not gay marriage is simply legal. i think what we are seeing here they only need four justices to decide whether to take the issue. i think there is a little bit of politics there because if obama appoints more justices, they are not going to have to get the issue before t
joining us now to analyze in new york is attorney steve greeneberg and from l.a. attorney. first the united states supreme court today announced it will take up two gay marriage cases prop 8 out of california and the defense of marriage act case out of new york. the court could hear the cases as early as march. okay. two big issues here. let's start first with -- i think we will start with the gay marriage issue first and then we will go to the pot question. steve, how do you think it's going...
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conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome....
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thanks for having me. >> steve yankovi ch for ebay. going over the fiscal cliff could cause major problems for state economies. which face the biggest threat from the potential tax hikes? joining us on the phone is laura porter, managing director at the public finance department, sector head for the state ratings group which focuses on state credits across the country. and focuses on a report, laura, looking granularly at this. good morning. >> good morning. thanks for having me. >> in general, you argue that a lot of ratings on the state front will remain unchanged no matter what. why is that? >> we feel states are fundamentally very strong credits, have strong control over their revenues and spending and the vast majority have shown the ability and willingness to adjust. so we think that the biggest and immediate threat is the fiscal cliff and what that can mean for state revenues, which quickly react to changing economy. >> you make the point -- surprise to no one, you have an unusually high degree of uncertainty in this outlook and
thanks for having me. >> steve yankovi ch for ebay. going over the fiscal cliff could cause major problems for state economies. which face the biggest threat from the potential tax hikes? joining us on the phone is laura porter, managing director at the public finance department, sector head for the state ratings group which focuses on state credits across the country. and focuses on a report, laura, looking granularly at this. good morning. >> good morning. thanks for having me....
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i mean, where are you on this, rick -- or, i'm sorry, steve? >> interesting. >> i'm just -- no, that i called you rick? no, because of rick perry. but i think that's what you're alluding to. >> yeah. >> was it that one that you wanted to get rid of the department of education? >> the role -- >> i like the idea of giving it down to the states. >> the idea that a department of education in washington, d.c., should be making decisions for each of the states is just ludicrous, you know, from a constitutional standpoint, it just is not functional. >> when was it is, 1980? i mean, it's a relatively recent addition that has swallowed up democracy. >> the money that comes and creates more bureaucracy and then they try to dictate to the states, here, race to the top's a good example of it. we tell them, you know, with all due respect, we don't want to participate in race to the top. because we asked them, well, can we take a look at the national standards that you want to put in place and can we see the tests? well, those aren't done yet. not unlike the
i mean, where are you on this, rick -- or, i'm sorry, steve? >> interesting. >> i'm just -- no, that i called you rick? no, because of rick perry. but i think that's what you're alluding to. >> yeah. >> was it that one that you wanted to get rid of the department of education? >> the role -- >> i like the idea of giving it down to the states. >> the idea that a department of education in washington, d.c., should be making decisions for each of the...
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rosemary orozco is in for steve today. so after the big storm steve decided he needed ha little break. >> he's a little tired. good morning, to you. happy friday. we are in for a dry weekend. modest warming trend under way. we are waking up a lo
rosemary orozco is in for steve today. so after the big storm steve decided he needed ha little break. >> he's a little tired. good morning, to you. happy friday. we are in for a dry weekend. modest warming trend under way. we are waking up a lo
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steve cohen can invest to his heart's desire. he can invest all he wants, it is just that he will be a registered investment advisor. cheryl: thank you. it will be fascinating to see how far they get or do not get with steve cohen. charlie, thank you very much. "the closing bell" will ring in 29 minutes. it could be the worst month for ipos in ten years. paralyzed by the fiscal cliff. when will deals start to flow? that is coming up next in a fox business exclusive. ♪ says that clear answer is gold hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but whenoint pain and stiffness from psoriat arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffns, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. sious, sometimes fatal events including infections, tuberculosis, lymphoma, other
steve cohen can invest to his heart's desire. he can invest all he wants, it is just that he will be a registered investment advisor. cheryl: thank you. it will be fascinating to see how far they get or do not get with steve cohen. charlie, thank you very much. "the closing bell" will ring in 29 minutes. it could be the worst month for ipos in ten years. paralyzed by the fiscal cliff. when will deals start to flow? that is coming up next in a fox business exclusive. ♪ says that...
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. >> it's snot just steve though. it's the talent steve attracted and whether or not thatt atalen is leaving or if it's still there. what are you shaking your head about? >> i think johnny ive is certainly as much of a talent magnet as steve jobs. this person has an aura about him. i think a lot of people at apple and surrounding apple are very exciting when tim cook did a good job of selecting johnny ive instead of scott forestall. you hear reports of people applauding that johnny is the man now. he's going to run the design over there. it's big news. >> all right. we'll leave it there. >> scott wasn't so popular either, which was part of the reason for the applause. >> guys, thanks. appreciate it. catch the full interview with apple ceo tim cook tonight 10:00 p.m. eastern on nbc's "rock center." >> looking forward to that. >>> as we head toward the close with about 40 minutes left on the trading session, losing altitude here. >> how about zynga? the company known for its farmville game, of course. the company is now
. >> it's snot just steve though. it's the talent steve attracted and whether or not thatt atalen is leaving or if it's still there. what are you shaking your head about? >> i think johnny ive is certainly as much of a talent magnet as steve jobs. this person has an aura about him. i think a lot of people at apple and surrounding apple are very exciting when tim cook did a good job of selecting johnny ive instead of scott forestall. you hear reports of people applauding that johnny...
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david: steve, will republicans cave on the issue of tax rate increases. will they agree with the president and his folks to raise ttx rates? >> the rank-and-file that talk to want to hold fast on that and say, no we're not going to do it. you want to push the economy off the cliff, you're the chief executive. you're supposed to be bringing people together. and put, throw the ball back in his court. david: you think no deal? >> boehner might be willing to do a deal. the rank-and-file wants to hold fast and stick to principle which is rare in washington. david: what is your feeling? do you think we'll go off the cliff? >> i think it will go right to the end. if boehner and senator mcconnell do not cave, i think we'll kick the can down the road. for once that will be a good thing rather than a bad thing. david: steve forbes, forbes media chairman. >> good to see you, david. david: liz, over to you. liz: they're doing it in churches and cafeteria, ready for a workout. "inc." magazine named sumba fitness the company of the year. we have the ceo of assume ba fi
david: steve, will republicans cave on the issue of tax rate increases. will they agree with the president and his folks to raise ttx rates? >> the rank-and-file that talk to want to hold fast on that and say, no we're not going to do it. you want to push the economy off the cliff, you're the chief executive. you're supposed to be bringing people together. and put, throw the ball back in his court. david: you think no deal? >> boehner might be willing to do a deal. the rank-and-file...
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let's go to steve grasso. a remarkable run for the stock. i've asked the question on more than one occasion, whether it's style or substance that's behind the move. >> if you look at it, this is a technical call there. there is the appearance of a triple top. you have to look at 20102010, 2. 1915ish. if we can cross over that, you're looking at the same thing. >> are you worried that once the halo, so to speak, that the street has given melissa myer the benefit of the doubt. once reality has set in that her job is big that the stock is going to fade? >> i don't know what reality is going to set in. they've been able to monetize alibaba. there's still money there. they're cash plentiful at this point. there were rumors about maybe a special differ but i think they'll probably ratchet up their corporate repurchase. so all those things are positive and i think it's all of it enough to get it back in the mid 20s. >> i'm going to let you run. but what about this mcdonald's debate? do you want to chime in on it. >> i love the mcrib likemy brother
let's go to steve grasso. a remarkable run for the stock. i've asked the question on more than one occasion, whether it's style or substance that's behind the move. >> if you look at it, this is a technical call there. there is the appearance of a triple top. you have to look at 20102010, 2. 1915ish. if we can cross over that, you're looking at the same thing. >> are you worried that once the halo, so to speak, that the street has given melissa myer the benefit of the doubt. once...
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. >> let's see how long this will last, steve. >> two days. >> it's cold at night. >> it is going to
. >> let's see how long this will last, steve. >> two days. >> it's cold at night. >> it is going to
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i don't think it's over and we do think it will rebound next year. >> steve, good to have you on the show, appreciate it so much. >> thank you. >> steve milunovich from ubs. >> you made a good point before we came on air and what it was i thought about is that we're seeing some notable hedge funds suffer big withdrawals at the end of the year. apple was a key holding for the hedge funds, they're liquidating the decisions and expectations of redemption. if that's the case you want to buy apple. >> there are a million different reasons flying around the street, whether it's a technical sell-off we're seeing, the margin requirement story that we talked yesterday about, any validity to any of that, or is it simply this is a stock that has dominated the action over the course of a year, and people are just taking profits where profits are to be taken. >> i think again a lot of the participation in the stock is short term thinking which is problematic and we'll expand upon that at a later point. again, we talk about the fundamentals of this company and i just don't get it. i know dennis yo
i don't think it's over and we do think it will rebound next year. >> steve, good to have you on the show, appreciate it so much. >> thank you. >> steve milunovich from ubs. >> you made a good point before we came on air and what it was i thought about is that we're seeing some notable hedge funds suffer big withdrawals at the end of the year. apple was a key holding for the hedge funds, they're liquidating the decisions and expectations of redemption. if that's the case...
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how are you not steve jobs? >> in many ways. one of the things he did for me that removed a gigantic burden that would have normally existed is he told me on a couple of occasions before he passed away to never question what he would have done, never ask the question, what steve would do, to just do what's right. >> doing right has done well for tim cook so far. he's had a good first year on the job. the company's stock is up about 45% during his tenure. and think about this, he's already presided over the rollout of three ipads, two iphones and three macs. >> it is beautiful. stunning. >> you've got guys whose job it is to get this mesh right, to get this curve right. >> to get it precisely right. >> in fairness, however, this past year, they haven't gotten everything precisely right. >> weather. >> nice weather -- >> starting with siri, the small woman who lives in your iphone. the service amazed all of us at first, but then came under criticism for not being perfect or as consistently amazing as steve jobs wanted it to be. th
how are you not steve jobs? >> in many ways. one of the things he did for me that removed a gigantic burden that would have normally existed is he told me on a couple of occasions before he passed away to never question what he would have done, never ask the question, what steve would do, to just do what's right. >> doing right has done well for tim cook so far. he's had a good first year on the job. the company's stock is up about 45% during his tenure. and think about this, he's...
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apple tv living in the legacy of steve jobs. we're going to take a very close look on what is next for america's favorite gadgetmaker. >>> speaking of gadgets, rivalry research in motion, offering training programs and promotions for its upcoming blackberry 10. it's targeted corporations. bold move or maybe a desperate one? >>> any move might be welcome down here. democrats want tax hikes on the rich. republicans want entitlement cuts. we've heard this before, haven't we? what do average americans want to see in a fiscal cliff solution. we've got the exclusive results of our exclusive cnbc all-america economic survey. >>> now to everybody's all-american, sue herera standing by at the nyse. >> you're sweet, ty. thanks. >>> we're a little bit on the downside. we really kind of retraced a little bit on the dow jones industrial average. previous to this we were solidly in the green in all three of the major market indices. the dow now down 14 1/2 points. nasdaq up eight. the s&p is down just a fraction. of course we are also watchin
apple tv living in the legacy of steve jobs. we're going to take a very close look on what is next for america's favorite gadgetmaker. >>> speaking of gadgets, rivalry research in motion, offering training programs and promotions for its upcoming blackberry 10. it's targeted corporations. bold move or maybe a desperate one? >>> any move might be welcome down here. democrats want tax hikes on the rich. republicans want entitlement cuts. we've heard this before, haven't we? what...
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back to you, maria. >> steve, thank you so much. steve liesman with the secretary of treasury. let's get reaction to that exclusive interview. that's coming up after that short break. on deck, senator jeff sessions is with me, a ranking member of the senate budget committee. richard shelby is also with me. and maya mcguinness. this busy edition "the closing bell" is just getting started. we're back in a minute. they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> welcome back. you just heard from timothy geithner. did the exclusive interview you just saw move the needle in terms of the fiscal cliff being any clo
back to you, maria. >> steve, thank you so much. steve liesman with the secretary of treasury. let's get reaction to that exclusive interview. that's coming up after that short break. on deck, senator jeff sessions is with me, a ranking member of the senate budget committee. richard shelby is also with me. and maya mcguinness. this busy edition "the closing bell" is just getting started. we're back in a minute. they've been committed to putting clients first. helping generations...
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>> obviously, you know steve rather well. how would steve jobs feel about the current environment as it is right now at apple? >> well, again, i'm not inside of apple. i'm outside of apple looking at it. >> but you knew the way he thought about the world, and -- >> sure. steve jobs lived in a world of black and white. no compromises, perfectionist, he believed that you had to keep pushing the edges of innovation. and apple is still doing that. what apple is doing right now is it's building out the follow-on evolution very successful products like the ipad. now we have the ipad mini. so i think apple has got a few years of being able to do that. at some point, it's got to do something beyond that. >> john, there have been some notable stumbles in apple's past and in the recent past they have been able to surmount them and push them aside. what do you think is the biggest risk, whether product risk or execution risk in china, et cetera. if it you're long apple, what is the one thing that maybe makes you somewhat cautious going
>> obviously, you know steve rather well. how would steve jobs feel about the current environment as it is right now at apple? >> well, again, i'm not inside of apple. i'm outside of apple looking at it. >> but you knew the way he thought about the world, and -- >> sure. steve jobs lived in a world of black and white. no compromises, perfectionist, he believed that you had to keep pushing the edges of innovation. and apple is still doing that. what apple is doing right...
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even steve jobs used to eat there." and mona's sort of taken aback and bites her tongue and doesn't say, "steve jobs is your son." but she looks shocked, and he says, "yeah, he was a great tipper." >> and i was in that restaurant once or twice, and i remember meeting the owner, who was from syria, and it was most certainly him, and i shook his hand, and he shook my hand, and that's all. >> and jobs never spoke to him, never talked to him, never got in touch with him, never wanted to see him. [ticking] >> coming up, steve jobs delays cancer surgery. >> how could such a smart man do such a stupid thing? >> you know, i think that he kind of felt that if you ignore something, if you don't want something to exist, you can have magical thinking, and it had worked for him in the past. >> more steve jobs when 60 minutes on cnbc returns. lots of prepaid cards come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cas
even steve jobs used to eat there." and mona's sort of taken aback and bites her tongue and doesn't say, "steve jobs is your son." but she looks shocked, and he says, "yeah, he was a great tipper." >> and i was in that restaurant once or twice, and i remember meeting the owner, who was from syria, and it was most certainly him, and i shook his hand, and he shook my hand, and that's all. >> and jobs never spoke to him, never talked to him, never got in touch...
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stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >>> welcome back to "power h."on johnson&johnson getting expanded approval for the fda for the use of its drugs to treat men with late stage prostate cancer prior to recovering from chemo -- receiving chemotherapy, that is t
stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. monarch of marketing...
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. >> i hear what steve just said. but given the jobs report, we've also seen a drop in gasoline prices. when you get the -- when you remember the prices fell by gasoline. your decline in prices. that's a big increase in consumer spending and probably income last month. so i think consumers can replenish savings just a little bit and still have spending. you also have at the upper end $20 billion and growing of dividends declared this month. to beat the tax hike. that's $20 billion of cash flow that higher income individuals, not all of them but many of them will get. and much of that will end up being spent. >> you acknowledge that university in michigan consumer sentiment, that was big decline. and much of that is attributable to fears about the fiscal cliff. all bets could be off the table if we go off the fiscal cliff. >> sure if you go over the cliff. and you'll still have some tax hikes. we have consumer spending around 2% in real terms in line with income. we don't think the whole tax hikes will go into effect e
. >> i hear what steve just said. but given the jobs report, we've also seen a drop in gasoline prices. when you get the -- when you remember the prices fell by gasoline. your decline in prices. that's a big increase in consumer spending and probably income last month. so i think consumers can replenish savings just a little bit and still have spending. you also have at the upper end $20 billion and growing of dividends declared this month. to beat the tax hike. that's $20 billion of cash...
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Dec 4, 2012
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steve, is it really as bad as all of that? we're talking about some very anemic numbers. >> the question is, what part is bad? i really disagree with this report in the sense that i don't see how he can possibly know what the growth rate is going to be in 2050. i don't think he knows what the growth rate is going to be next year let alone in 2050. the second thing wrong with this prediction is growth rates are something that are within control of a society or nation. with the policies -- now, i think he's right we're aiming right now for a growth rate that may be unattainable. long-term, a society cannot exactly choose but can adjust this level of growth. third, some of the things that he's most concerned about, for example, global competition, are some of the things that make me optimistic about the future, not pessimistic. >> but lindsay, part of his reasoning is we're adding too much debt to the equation. debt servicing takes up more of our growth at this point. too many band-aids solving problems that need surgery, not sor
steve, is it really as bad as all of that? we're talking about some very anemic numbers. >> the question is, what part is bad? i really disagree with this report in the sense that i don't see how he can possibly know what the growth rate is going to be in 2050. i don't think he knows what the growth rate is going to be next year let alone in 2050. the second thing wrong with this prediction is growth rates are something that are within control of a society or nation. with the policies --...
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steve jobs, this is the first year next year where we're really in the post-steve jobs era. we have the margin mix, slowing growth. you would expect multiple compression on that, but don't forget they come out with a big product our big number, psychology can change in a minute. >> if you take a look at the sector they play, they're selling at a significant premium so the com uponants of their business, whether it's smartphones or whether it's pcs. granted they're macs, not p.m. cs, but they're selling down six, seven times. >> totally fair, but i mean, look at dell and look at hp versus apple. every single business apple has is growing very nicely. they have a wonderful new phone out there, the smartphone market has tremendous growth. >> i agreed. i just think you have time. for the first time we're seeing the steve jobs premium as you mentioned come out of the stock and wonder what's next on the product cycle. >> if you say you have time, you've got time. >> well, thank you. >> how diplomatic. henry, good to talk with you as always. thanks for coming on. >> thank you for h
steve jobs, this is the first year next year where we're really in the post-steve jobs era. we have the margin mix, slowing growth. you would expect multiple compression on that, but don't forget they come out with a big product our big number, psychology can change in a minute. >> if you take a look at the sector they play, they're selling at a significant premium so the com uponants of their business, whether it's smartphones or whether it's pcs. granted they're macs, not p.m. cs, but...
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>>> plus, former aol ceo steve case joins us. he'll outline his big plans to get america back to work and how to keep america great when it comes to innovation. all ahead on "power lunch." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned d
>>> plus, former aol ceo steve case joins us. he'll outline his big plans to get america back to work and how to keep america great when it comes to innovation. all ahead on "power lunch." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down...
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in early 2011, steve jobs was asked if he would bring back jobs from klechina. he says those jobs are not coming back. hold on, under tim cook, there could be some. and apple, bringing back-- spending 100 million to bring some mac here, i say it's a total drop in the bucket. >> it's a broader narrative of manufacturing leaving china and it's not just apple. and lenovo, china's largest pc maker, says it's bringing some production to the north carolina facility and ge, for instance, is bringing a lot of production back from china, small and medium sized manufacturers are doing this. go to wal-mart and look at the house brand george, all of it's made in bangladesh, used to be in china. stuart: why is manufacturing-- for years we've said china is the manufacturing center piece of the planet. why is it leaving? >> there are so many reasons. first of all, wage rates are going up much fraster than product ticht and labor peaked political risk is not a factor and now it is, china is trying to use geopolitical leverage and risk of intellectual property loss and china is
in early 2011, steve jobs was asked if he would bring back jobs from klechina. he says those jobs are not coming back. hold on, under tim cook, there could be some. and apple, bringing back-- spending 100 million to bring some mac here, i say it's a total drop in the bucket. >> it's a broader narrative of manufacturing leaving china and it's not just apple. and lenovo, china's largest pc maker, says it's bringing some production to the north carolina facility and ge, for instance, is...
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give it up for steve harvey. [captioning made possible by fremantle media] steve: thank you very much. all right. just--ha ha! hey, welcome to "family feud," everybody. i'm your man steve harvey, and, boy, we got a good one for you today. returning for the second day all the way from waltham, massachusetts, it's the hallowell family... [cheering and applause]
give it up for steve harvey. [captioning made possible by fremantle media] steve: thank you very much. all right. just--ha ha! hey, welcome to "family feud," everybody. i'm your man steve harvey, and, boy, we got a good one for you today. returning for the second day all the way from waltham, massachusetts, it's the hallowell family... [cheering and applause]
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if you have your heart set on the apple macbook pro- you can go to steve the apple store but if you go there if you will not get a flex payment option a vip financing. we only do vip financing on a few today specials i year and that is almost like $140 a month on a macbook pro it boggles the mind to get this completed interaction at home for all littleder zero hundred and $49 when you get the once people become part of the macbook world you get spoiled and used during all work for you. >>guest: it is just like when you get that phone our talent and you say while this is what i have been missing? if with the press of a button in makes it so much simpler even with navigation you can have all that technology you have with your i found your not a mouse you are just move your fingers and you get the easy navigation and ease of use. the apple macbook pro is responsive you are not waiting for hourglass and that's for the 500 gb i5 core and it gives you a 7 hour battery life when you needed. did you know that 50 percent of all internet traffic right now is based which more speed. you might as
if you have your heart set on the apple macbook pro- you can go to steve the apple store but if you go there if you will not get a flex payment option a vip financing. we only do vip financing on a few today specials i year and that is almost like $140 a month on a macbook pro it boggles the mind to get this completed interaction at home for all littleder zero hundred and $49 when you get the once people become part of the macbook world you get spoiled and used during all work for you....
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thank you so much, steve liesman. we have breaking news on the fiscal cliff negotiations. john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards cooperation, but word followed up no more meetings scheduled between the principals. wasn't that much going on staff to staff. that's changed today from yesterday. to you have some discussions resumed. i don't want to overplay the significance, but it is an encouraging sign for people who think that the ice had been beginning to crack around some of the positions, especially with the republicans on taxes. we may be looking for some forward movement. got to watch over the next day or so. >> this is good news, john. >> it is good news. it is an indication that we ma
thank you so much, steve liesman. we have breaking news on the fiscal cliff negotiations. john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made...
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david: steve joyce, choice hotels. thanks for coming in. liz: it could be a not so happy new year for investors. coming up the editor-in-chief of yes, the famed stock trader as almanac tells us why. david: it has been a not so happy couple of months for apple but the stock is up a little bit today after falling more than 6% yesterday. we have the senior equity analyst at "morningstar" who sees a buying opportunity. he will tell you why coming next trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly oine in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#1-800-345-25 rat
david: steve joyce, choice hotels. thanks for coming in. liz: it could be a not so happy new year for investors. coming up the editor-in-chief of yes, the famed stock trader as almanac tells us why. david: it has been a not so happy couple of months for apple but the stock is up a little bit today after falling more than 6% yesterday. we have the senior equity analyst at "morningstar" who sees a buying opportunity. he will tell you why coming next trade in hong kong. tdd#:...
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dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are goi
dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not...
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. >> and then larry, later in the afternoon, our steve leishman sat down with treasury secretary tim geithner. geithner in that interview late in the afternoon made it clear that this is brinksmanship of the highest order. >> i want to understand the administration's position when it comes to raising taxes on the wealthy. those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthy. it's only 2%. >> reporter: of course, up on capitol hill, republicans don't necessarily agree with that. speaker of the house john boehner said today that he is still waiting for a counterproposal now from the president of the united states. and we learned late this afternoon that in fact speaker boehner and president obama had a phone call today. we don't know, however, what was said in that call. but reports are that some progress is being made in these negotiations. at least conversations continuing behind the
. >> and then larry, later in the afternoon, our steve leishman sat down with treasury secretary tim geithner. geithner in that interview late in the afternoon made it clear that this is brinksmanship of the highest order. >> i want to understand the administration's position when it comes to raising taxes on the wealthy. those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's...
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we get his take on it next. [ m] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he n worry about other things, like what the mket is doing and being ready, no tter what happen which isn't rocket science. it's just common sense, from td ameritrade. stuart: we have our eyes on avalanche the stock this morning, it is now up after a huge drop yesterday. a lot at stake here. lot of people trying to avoid a tax bite next year. reports about apple losing market share, in the smart phone area in china and as charles said, once the stock goes down other people start selling making it fall even worse. it has been turned around and is now up $4. it was down $11 half an hour ago. the dow jones industrial average is pretty flat. it is up five points. it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no
we get his take on it next. [ m] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he n worry about other things, like what the mket is doing and being ready, no tter what happen which isn't rocket science. it's just common sense, from td ameritrade. stuart: we have our eyes on avalanche...
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craig, when does steve balmer have to go? >> i'm going to stay away from that question, brian, but, you know, microsoft does have the added challenge of it doesn't want to compete too aggressively with the hardware vendors that it's competing against in own customers in the tablet market to some degree. so it can't get real cheap, or it's going to make guys like lenovo very upset. >> craig, thank you very much for joining us. thank you for playing along in the beginning. thanks for keeping it clean. >> you got it. >> next up, we're going to give you the story behind the video of the day. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. test. test. test. test. or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happen
craig, when does steve balmer have to go? >> i'm going to stay away from that question, brian, but, you know, microsoft does have the added challenge of it doesn't want to compete too aggressively with the hardware vendors that it's competing against in own customers in the tablet market to some degree. so it can't get real cheap, or it's going to make guys like lenovo very upset. >> craig, thank you very much for joining us. thank you for playing along in the beginning. thanks for...
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i'm becky quick along with joe kernen and steve liesman. the november jobs report is now just about 150 minutes away. count do countdown is on. the economy probably added about 80,000 jobs last month. reuters consensus is a little higher at 93,000. the unemployment rate expected to hold steady at 7.9% and economists say the slow down in nonfarm payrolls will reflect the effect of sandy. joining us this hour is bank of america merrill lynch global research senior research economist michelle mire and we'll talk through everything that's been happening through jobs and what to expect. but first, there is a developing story. an earthquake off the northeast coast of japan triggered a tsunami warning. the warning has been lifted, but it was a 7.3 quake. so far no reports of any injuries or damage. it was for the same area devastated by an earthquake and tsunami back in march of last year. we will continue to bring you any developments. in the meantime, steve has some of the morning's top other stories. >> let's start with the markets. asian stock
i'm becky quick along with joe kernen and steve liesman. the november jobs report is now just about 150 minutes away. count do countdown is on. the economy probably added about 80,000 jobs last month. reuters consensus is a little higher at 93,000. the unemployment rate expected to hold steady at 7.9% and economists say the slow down in nonfarm payrolls will reflect the effect of sandy. joining us this hour is bank of america merrill lynch global research senior research economist michelle mire...
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. >> i knew that was true when steve weiss said he was buying the fxis. >> i was smiling. >> manufacturing is clearly retrenched with the concerns surrounding the fiscal cliff. we see that, all the numbers, you have to believe a little certainty. manufacturing comes back. the material space, which is so tied to the chinese growth. i think that's in particular a sector you could look at. i think you could even, and i'm warming up to something that i haven't liked all year, but you could even look at the steel space and some of those names in there, and i think that would be a focus area. >> we're going to talk about apple certainly in more unstance a little bit later. but if you like technology, right, are you going to buy the nasdaq 100 or are you going to buy individual names? because i'm just wondering if apple doesn't participate the way you might hope it would or think it could in 2013 does that hold back technology as a secretary e? do you need to look for individual names? >> i just think you have to have a critical theme around it. i think there's two themes. one, smart fund growth,
. >> i knew that was true when steve weiss said he was buying the fxis. >> i was smiling. >> manufacturing is clearly retrenched with the concerns surrounding the fiscal cliff. we see that, all the numbers, you have to believe a little certainty. manufacturing comes back. the material space, which is so tied to the chinese growth. i think that's in particular a sector you could look at. i think you could even, and i'm warming up to something that i haven't liked all year, but...
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tim cook is no longer in the glow of the steve jobs era. again, that was a major -- charles: he still would have had enough credit among wall street. every apple's earnings report was not great. it was a component issue. they did not have enough supply. they never put the blame on steve jobs. he has that credibility among wall street. the first time at bat, he struck out. you know what people are saying. connell: it has been such a great performer as a stock for so long. how do you personally look at it? charles: i have it in my retirement account. i would not add it to my stocks quite yet. almost everybody that uses any sort of real fundamental analysis will say, this is a cheap struck. forget about the share price. this literally should be a $1000 stock. maybe this will ultimately split the stock. i think companies are more focused on products and execution than stock price right now. i will not add to my position until i see some sort of numbers that suggest they will turn it around. connell: we will talk more about apple coming up. dage
tim cook is no longer in the glow of the steve jobs era. again, that was a major -- charles: he still would have had enough credit among wall street. every apple's earnings report was not great. it was a component issue. they did not have enough supply. they never put the blame on steve jobs. he has that credibility among wall street. the first time at bat, he struck out. you know what people are saying. connell: it has been such a great performer as a stock for so long. how do you personally...
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. >> it is hard to get in there. [ male announcer ] ths is steve. he loves risk. but whether he's climbing everest, scuba diving t grt barrier reef with sharks, or jumping into the marke he goes with peop he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a t of lotions doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] breakrom the holiday stress. fedex office. >> western as a big winner. nicole petallides on the floor of the stock exchange. tell us y. nicole: always been to give out winners
. >> it is hard to get in there. [ male announcer ] ths is steve. he loves risk. but whether he's climbing everest, scuba diving t grt barrier reef with sharks, or jumping into the marke he goes with peop he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. you know...
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steve, thanks so much for your time. steve fox, marijuana policy project in washington. >> house speaker john boehner is to speak on the fiscal cliff negotiations in just a few minutes. we'll bring you those comments live as soon as he starts speaking. plus, former ohio governor ted strickland will join us. he says republicans are not acting in the best interest of the country when it comes to the fiscal cliff and explain exactly why he's saying that on cnbc. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. i have obligations. cute toblig
steve, thanks so much for your time. steve fox, marijuana policy project in washington. >> house speaker john boehner is to speak on the fiscal cliff negotiations in just a few minutes. we'll bring you those comments live as soon as he starts speaking. plus, former ohio governor ted strickland will join us. he says republicans are not acting in the best interest of the country when it comes to the fiscal cliff and explain exactly why he's saying that on cnbc. [ male announcer ] this is...
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i'm steve wynn. i run this place. >> you see i get enough towels. >> the golden nugget became wynn's golden egg. las vegas was just a bunch of casinos in the 1980s when steve wynn built the mirage, the first luxury resort on the strip. outside, a volcano exploded every 15 minutes. inside, he hired siegfried and roy to perform. next door, he built another hotel and brought cirque du soleil to las vegas for the first time. the strip wasn't just about gambling anymore, and steve wynn was hailed as a visionary. >> i've been given too much credit for that, really. if you look at las vegas in the 1980s, there hadn't been anything built since 1973 new. and so the city was in a time warp. and, as has so often been the case, in the valley of the blind, the one-eyed man is king. >> so you had an idea, and you were king. >> yeah, all of a sudden, i looked like i was a rocket scientist. >> not a rocket scientist but a showman. >> captain of the britannia! ready, aim, fire! [explosions booming] >> when he implode
i'm steve wynn. i run this place. >> you see i get enough towels. >> the golden nugget became wynn's golden egg. las vegas was just a bunch of casinos in the 1980s when steve wynn built the mirage, the first luxury resort on the strip. outside, a volcano exploded every 15 minutes. inside, he hired siegfried and roy to perform. next door, he built another hotel and brought cirque du soleil to las vegas for the first time. the strip wasn't just about gambling anymore, and steve wynn...
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Dec 10, 2012
12/12
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steve? >> well, i do talk to "the washington post." they don't always necessarily listen, but i -- i don't recall seeing that particular article but i make a couple points. first of all, there are a ton of jobs. one of the thing you talk to most countries their desperate looking for skilled workers and degrees in engineering, there's a problem there in almost every industry and ultimately it comes down to entrepreneurship starts. i think it's worth noting people talk about business and private sector like it's like one thing. it's not. there's a small business sector in a restaurant and a lot of job that's are created by that sector. there's a big business sector, for chin 500 companies. a lot of jobs there. but growth in jobs and leverage in terms of innovation are young entrepreneurial growth companies and they do required skilled workers. back one company not too far away living social, started four years ago four people. now 4,000 people four years later and their challenge is hiring smart people to handle it. last point i make, pe
steve? >> well, i do talk to "the washington post." they don't always necessarily listen, but i -- i don't recall seeing that particular article but i make a couple points. first of all, there are a ton of jobs. one of the thing you talk to most countries their desperate looking for skilled workers and degrees in engineering, there's a problem there in almost every industry and ultimately it comes down to entrepreneurship starts. i think it's worth noting people talk about...
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Dec 3, 2012
12/12
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pam. >>> thank you, steve. in business news european markets are up after a positive report out of china. it shows manufacturing is expanding in china for the first time in more than a year. despite that china shanghai composite index fell more than 1%. hong kong's market fell more than 1%. but taiwan, coke, and jay -- south korea and japan finished strong. for here as you can see pretty small moves on friday. auto makers report their november sales today and analysts are mixed with con qum consumers say they are getting stingier with their spending. >>> time now 5:17. there was an attack by a dolphin at sea world. we'll tell you what happened to a child and why there is a demand for sea world to make changes. >>> has john mcafee been captured? the latest on the millionaire's run from police. >>> you can wake up with ktvu every morning. get the top stories that developed while you were sleeping sent straight to your cell phone every weekday morning at 6:00 a.m.. get your wake up call by texting the word wakeup
pam. >>> thank you, steve. in business news european markets are up after a positive report out of china. it shows manufacturing is expanding in china for the first time in more than a year. despite that china shanghai composite index fell more than 1%. hong kong's market fell more than 1%. but taiwan, coke, and jay -- south korea and japan finished strong. for here as you can see pretty small moves on friday. auto makers report their november sales today and analysts are mixed with...
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Dec 10, 2012
12/12
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let's go to steve. >>> thank you. it's windy for some especially the higher elevation -- higher elevations. it's very mild. the hills are green, the air is clean, though. i snow some of the mornings are -- i know some of the mornings are chilly but it will be alaska-light. thinks, 40s, 50s and 60s. that east wind mild for some. very cold for others, especially out in the north and east and also up towards lake county, mendocino county. we'll get about .25 to .50 or .75. i think you will notice the cold more than anything else. partly cloudy. 60s and 70s. downtown oakland, could have some records. oakland set one at 66. a coast rain moves in and then the rain moves out. but the cold stays. a breezy, windy cold day. >> thank you, steve. >>> 7:57. a confession from an accused road rage killer. what prompted a man to open fire on another driver in the sacramento area. >> we're live in san leandro where two men are trapped inside a burning big rig. we'll tell you how they managed to escape. >>> a man and woman are found bo
let's go to steve. >>> thank you. it's windy for some especially the higher elevation -- higher elevations. it's very mild. the hills are green, the air is clean, though. i snow some of the mornings are -- i know some of the mornings are chilly but it will be alaska-light. thinks, 40s, 50s and 60s. that east wind mild for some. very cold for others, especially out in the north and east and also up towards lake county, mendocino county. we'll get about .25 to .50 or .75. i think you...